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    53 Fairmount Ave Providence, RI 02908

    For Sale
    $599,900

    Multi Family - Providence, RI

    Type:Multi Family
    Property size:
    2,340 SF
    Lot size:
    0.07 Acres
    Days on Market:
    56
    Last Refresh:
    Dec 10 at 7:06 pm

    Property Features for 53 Fairmount Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    8
    Bathrooms
    4
    Parking
    6
    Interior features
    Wall (plaster), Insulation (cap)
    Exterior features
    Paved Driveway, Paved
    Appliances
    Refrigerator
    Size
    2,340 SF
    Lot size
    0.07 Acres

    Utilities

    Heating system
    Central, Natural Gas

    Building Details

    Year built
    1920
    Floors in Building
    3
    Number of units
    4
    Flooring type
    Laminate, Tile, Tile - Ceramic, Vinyl
    Building materials
    Aluminum Siding, Plaster, Vinyl Siding
    Architectural style
    Other

    RE/MAX PROPERTIES (401) 232-3900 [email protected]

    Listing agent Kerri Gemma (401) 232-3900

    Listing date Oct 16, 2025

    MLS# 1397895 Listing URL

    Copyright © 2025 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Providence Multifamily with Varied Units

    This well-maintained multifamily property in Providence, RI, features four units: two 1-bedroom apartments and two 3-bedroom apartments. Each unit offers a generously sized layout. The property is situated on a 0.07-acre lot and includes off-street parking. With a total area of 2,340 square feet, this property is suitable for investors seeking rental income and owner-occupants looking to offset living costs. The property is subject to a 1031 exchange.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.449334
    Latitude
    41.826559

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    FAQs

    What type of property is this?
    Quadplex - Well-maintained Providence multifamily property featuring a mix of unit layouts.
    Where is this quadplex located?
    The property is located at 53 Fairmount Ave Providence, RI.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: - Well-maintained 4-unit multifamily property.; - Strong rental income potential or owner-occupancy opportunity to offset living costs.; - Mix of unit layouts: two 1-bedroom and two 3-bedroom apartments.
    (401) 232-3900
    Request Owner's contact information
    53 Fairmount Ave Providence, RI 02908
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    53 Fairmount Ave Providence, RI 02908
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